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30.06.26 - 14:18
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UK housebuilders face class action suit over alleged collusion to inflate prices (The Guardian)
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Law firms seek up to £4.5bn on behalf of 700,000 buyers of new-build homesBusiness live – latest updatesBritain's biggest housebuilders, including Barratt Redrow and Taylor Wimpey, face a multibillion-pound class action lawsuit over claims that they colluded over higher prices for homebuyers.The lawsuit is being led by Mark McLaren, a former legal affairs manager at the consumer group Which?, on behalf of more than 700,000 consumers who bought a new-build between 2015 and 2026, against Barratt, Bellway, Berkeley Group, Persimmon, Taylor Wimpey, Vistry Group and Bloor Homes. Continue reading......
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15.04.26 - 19:06
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Government′s 1.5m housebuilding target in England is suffering subsidence | Nils Pratley (The Guardian)
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As the country's biggest housebuilder cuts land buying and the Iran war pushes up costs, setting an ambitious figure appears even more foolishThis is what the government didn't want to hear when its target to build 1.5m new homes in England during this parliament already looked out of reach. The country's biggest housebuilder is trimming its purchases of new land because the Iran war has created “a less certain backdrop”.Barratt Redrow's “disciplined approach” isn't a downing of tools, it should be said. The company had previously expected to buy between 10,000 and 12,000 plots; now it will acquire between 7,000 and 9,000. In money terms, it equates to about £100m less from a £800m-£900m budget. It is a scaling-back, as opposed to the outright halt to buying new land that London-focused Berkeley Group announced a couple of weeks ago. Continue reading......
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